Revised Code of Washington - RCW Title 32 Mutual Savings Banks - Section 32.20.415 Limitation on certain secured and unsecured loans

§ 32.20.415. Limitation on certain secured and unsecured loans

In addition to all other investments and loans authorized for mutual savings banks in this state, a mutual savings bank may invest not more than twenty percent of its funds in secured or unsecured loans on such terms and conditions as the bank may determine.

[1981 c 86 § 15.]

Notes:
     Severability -- 1981 c 86: See note following RCW 32.08.140.

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Last modified: April 7, 2009